Monday, April 23, 2012

DailyMarkets.com - Conoco Misses, Volume Shrinks

DailyMarkets.com - Conoco Misses, Volume Shrinks

Conoco Misses, Volume Shrinks

Posted: 23 Apr 2012 07:58 AM PDT

ConocoPhillips (NYSE:COP) reported first quarter 2012 adjusted earnings of $2.02 per share, failing to meet the Zacks Consensus Estimate of $2.08, mainly on account of lower production volume. However, earnings were higher by almost 11% from the year-earlier profit of $1.82.
Revenues in the reported quarter increased to $58,354 million from the year-ago level of $58,247 million. The reported figure also failed to meet our projection of $59,737 million.
Segmental Performance
Exploration and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Apple Inc.

Posted: 23 Apr 2012 07:58 AM PDT

Apple Inc. (AAPL) is scheduled to release its second quarter 2012 results after the market closes on Tuesday, April 24, 2012. In the run up to the earnings results, we notice an upward revision in the analysts' estimates over the past few days, and considering the past trends we continue to believe that another earnings beat is on the cards.
Prior Quarter Recap
Apple reported a stellar first quarter of 2012. Apple earned $13.87 per share in the reported quarter, handily beating the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Safeway

Posted: 23 Apr 2012 07:38 AM PDT

Safeway (NYSE:SWY), a leading food and drug retailer in North America, is scheduled to report its first quarter of fiscal 2012 results on Thursday, April 26 before the opening bell. The current Zacks Consensus Estimate for revenues and earnings per share are pegged at $10.08 billion and 30 cents, respectively, for the first quarter of 2012.
Fourth Quarter Highlights
Safeway reported EPS of 67 cents in the fourth quarter of fiscal 2011, surpassing the Zacks Consensus Estimate of 64 cents  as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DR Horton Tops, Brighter 2H Ahead

Posted: 23 Apr 2012 07:33 AM PDT

Leading homebuilder DR Horton Inc. (NYSE:DHI) reported adjusted net earnings (excluding inventory impairments and land option write-off costs) of 12 cents per share in the second quarter of fiscal 2012 versus 3 cents per share in the year-ago quarter. Earnings per share largely outperformed the Zacks Consensus Estimate of 4 cents. The earnings upsurge was driven by strong operating results in both the homebuilding and financial services segments.
Homebuilding revenues climbed 28.0% year over year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Motorola Solutions

Posted: 23 Apr 2012 07:23 AM PDT

Motorola Solutions Inc.(MSI) is slated to release its first quarter 2011 results on Wednesday, April 25, before the opening bell. The current Zacks Consensus Estimate for the first quarter is pegged at 47 cents, representing an annualized growth of 1.3%.
With respect to earnings surprises over the trailing four quarters, Motorola Solutions has outperformed the Zacks Consensus Estimate in all the four quarters. The average earnings surprise was positive 27.26%, implying that the company has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Bristol-Myers

Posted: 23 Apr 2012 07:18 AM PDT

Biopharmaceutical giant Bristol-Myers Squibb Company (NYSE:BMY) is all set to report its first quarter 2012 results before the start of trading on April 26, 2012. The Zacks Consensus Estimate for the first quarter of 2012 is 61 cents (year-over-year increase of 5.2%) on revenues of $5,261 million (year-over-year increase of 5.0%).
Fourth Quarter Recap
Bristol-Myers' fourth quarter 2011 adjusted earnings of 53 cents per share fell short of the Zacks Consensus Estimate by 2 cents. Adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manpower Beats Estimates

Posted: 23 Apr 2012 07:17 AM PDT

ManpowerGroup (NYSE:MAN), the global leader in the employment services industry, recently posted first-quarter 2012 results that topped the Zacks' expectations. The company's strong performance came on the back of revenue growth with Asia-Pacific Middle East segment portraying robust performance. Better expense control also provided cushion to the bottom-line.
Manpower also witnessed a surge in permanent recruitment business, and its workforce solutions business sustained its growth momentum. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Takes A Hit On Politics And Growing Debt Crisis Concerns

Posted: 23 Apr 2012 07:00 AM PDT

04/23/12 Political uncertainty in France and the Netherlands helped push the euro lower this morning in the forex markets while eurozone debt crisis concerns continue to rise as a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SunTrust Outpaces Significantly

Posted: 23 Apr 2012 06:52 AM PDT

SunTrust Banks Inc.'s (NYSE:STI) first-quarter earnings came in at 46 cents per share, significantly surpassing the Zacks Consensus Estimate of 32 cents. This is also substantially better than earnings of 13 cents in the prior quarter and 22 cents in the year-ago quarter.
Better-than-expected sequential results were mainly due to improvements in net interest income and fee revenue along with lower operating expenses. Improvement in credit quality was also impressive. Moreover, the company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Futures Appear Oversold But Speculative And Hedge Selling May Cap Rallies

Posted: 23 Apr 2012 06:43 AM PDT

Monday, April 23, 2012
Though longer-term fundamentals seem to favor the bear camp in Sugar, the recent steep sell-off in prices appears to have moved the market to oversold levels and a near-term price correction would not be out of the question. Some traders remaining bearish on Sugar but who may wish to take advantage of any near-term price bounce may want to explore buying a diagonal ratio spread. Here the trade would be buying a near-the-money put in a further out contract month and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roper Beats Estimates

Posted: 23 Apr 2012 06:38 AM PDT

Roper Industries Inc. (NYSE:ROP) posted robust first quarter 2012 results. The company reported earnings of $1.09 per share, up 19.8% year over year and surpassed the Zacks Consensus Estimate of $1.04 per share by 5 cents.
Earnings per share (EPS) also beat management's guided range of $1.01 to $1.05. The strong results were primarily driven by solid revenue growth and margin expansion in the quarter.
Revenue
Roper's total revenue increased 10.2% year over year to $711.1 million in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Smorgasbord Continues

Posted: 23 Apr 2012 06:32 AM PDT

There may not be much on the domestic economic docket today, but the market has plenty to keep it occupied. The torrid pace of first quarter earnings releases today and the rest of this week is not going to be the only market driver as we have a full plate of major economic releases on deck this week, with the Fed and GDP in focus.
From across the pond, we don't have fresh negative headlines about Spain today, but the presidential election in France and budget disagreements in the Netherlands … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aussie And Euro Drop Against Japanese Yen As Poor Data Stirs Concerns

Posted: 23 Apr 2012 06:29 AM PDT

Fundamental Headlines
- Bullish, Bearish Forecasters Agree on Strong Dollar – Bloomberg
- IMF's Lagarde Enjoys Victory Exposing Europe Rifts – Bloomberg
- Sarkozy Woos Far Right after Hollande Wins Round One – Reuters
- Dutch Government Close to Collapse – WSJ
- Spain's Economy Dwindling – WSJ
European Session Summary
Event risk was rather high over the weekend as the International Monetary Fund completed its quest to beef up its funding pool and the first round of the French … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Now That Gas And Oil Prices Are Falling, Can We Thank The Speculators For That?

Posted: 23 Apr 2012 06:28 AM PDT

Retail gasoline prices have been steadily declining for about the last three weeks, falling by more than six cents per gallon and almost 2%, since early April, see top chart above from Gasbuddy.com.   The falling gas prices follow falling oil prices, which have dropped almost 5% since the late February peak.

And on Intrade, speculators have been driving down the chances of gas reaching $4.50 per gallon by December 2012 from about 60% at the end of March to less than 35% in recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hasbro Misses Top And Bottom Lines

Posted: 23 Apr 2012 06:27 AM PDT

Hasbro Inc. (NYSE:HAS) has reported first quarter 2012 adjusted earnings per share of 4 cents, which lagged the Zacks Consensus Estimate of 7 cents. The earnings were also below the year-ago level of 12 cents. On a GAAP basis, Hasbro reported a 2 cents loss in the quarter.
Hasbro's net revenue of $648.9 million slid 3.0% from the year-ago quarter and also missed the Zacks Consensus Estimate of $670.0 million. Foreign exchange had an unfavorable impact of $8.5 million. Revenue could not utilize … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Honeywell International, McDonald’s, Microsoft, Schlumberger N.V.

Posted: 23 Apr 2012 06:27 AM PDT

    McDonald’s Corp.'s (NYSE:MCD) first-quarter 2012 earnings per share came in at $1.23, in line with the Zacks Consensus Estimate

    Schlumberger Limited (NYSE:SLB) posted first-quarter 2012 earnings per share (excluding special items) of $0.98, exceeding the Zacks Consensus Estimate by a mere $0.01

    Honeywell International Inc.'s (NYSE:HON) first-quarter 2012 earnings per share from continuing operations of $1.04 came in in-line with the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: U.S. Steel

Posted: 23 Apr 2012 06:13 AM PDT

United States Steel Corp.(X) is scheduled to report its first-quarter 2012 results before the market opens on Tuesday, April 24. The Zacks Consensus Estimate for earnings for the quarter stands at 49 cents per share, representing an estimated year-over-year increase of 182.22%.
With respect to earnings surprises, the company outdid the Zacks Consensus Estimate in two out of the trailing four quarters. The company, however, missed the Zacks Consensus Estimate on the other two occasions. U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Messy Monday For Stocks As Europe Fears Rise

Posted: 23 Apr 2012 01:00 AM PDT

04/23/12 It was a rough Monday for global stocks as concerns over European political uncertainty and another sign of a slowdown in the Chinese economy led the way for a steep sell-off in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Johnson Controls Sees Lower Profits

Posted: 23 Apr 2012 05:57 AM PDT

Johnson Controls Inc. (NYSE:JCI) reported a 5% decline in profits to $363 million or 53 cents per share (excluding non-recurring items) in the second quarter of fiscal 2012 from $383 million or 56 cents (excluding non-recurring items) in the same quarter of previous year. However, the profits were in line with the Zacks Consensus Estimate.
The lower earnings can be attributable to lower income in the company's Automotive Experience and Building Efficiency segments. Net sales in the quarter rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cypress Posts Loss As Expected

Posted: 23 Apr 2012 05:38 AM PDT

Cypress Semiconductor Corporation (NYSE:CY) has reported first-quarter 2012 loss of 5 cents per share, in line with the Zacks Consensus Estimate on lower Touch sales. The adjusted loss per share excludes one-time items, but includes stock-based compensation expense.
Revenue
Cypress reported revenue of $185.1 million, down 23.6% sequentially and 20.6% year over year but within management's revised guidance range of $180–$190 million. The sequential decrease was due to the weakness in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Case Against Lehman And Financial Regulators

Posted: 23 Apr 2012 05:28 AM PDT

Having been away for the weekend, I missed last night's edition of 60 Minutes and thank a loyal reader who brought it to my attention.
How is it possible that even today an institution such as Lehman Brothers, which clearly engaged in accounting maneuvers designed to disguise its true financial position, is not pursued so real justice can be meted out?
We keep coming back to the same old question. Where were the regulators, both the SEC and FINRA? Fully and totally captured as they served to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pool Outshines, Guides Higher

Posted: 23 Apr 2012 05:27 AM PDT

Pool Corp.'s (NASDAQ:POOL) first quarter 2012 adjusted earnings per share of 6 cents bettered the Zacks Consensus Estimate of a penny per share as well as year-ago quarter's loss of a penny per share. The outperformance was mainly driven by solid top-line growth. Net sales in the reported quarter jumped 15.7% year over year to $361.9 million. Favorable weather helped drive both revenue and earnings despite the seasonal weakness of the first quarter.
Inside the Headline Numbers
Overall Base … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quote Of The Day

Posted: 23 Apr 2012 05:21 AM PDT

“It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.”

~Thomas Sowell 
HT: Larry … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodities Sink As Global Slowdown Fears Swell, US Dollar Rallies

Posted: 23 Apr 2012 04:08 AM PDT

Talking Points

Crude Oil, Copper Follow Stocks Lower as Global Slowdown Fears Intensify
Gold and Silver Sold as Safe-Haven Demand Stokes Rally in the US Dollar

Commodity prices are on the defensive as risk aversion grips financial markets after China's manufacturing sector shrank for the third consecutive month while the preliminary set of April's Eurozone PMI figures printed sharply below expectations, rekindling global growth fears. Cycle-sensitive crude oil and copper prices are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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